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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Wally Mastroly who wrote (9514)10/28/1999 11:30:00 AM
From: Kirk ©  Read Replies (1) of 15132
 
RE:Kirk, HP warns - sort of (you probably saw it, but for those who didn't):

Yes, but thanks anyway.
We've been discussing it for sure!
suite101.com

The most "interesting" part from what I've read is there was a leak somewhere and option traders saw it with a high level of put selling BEFORE the "news" was made public.

One person I "help" trade the stock put in a major buy yesterday at the close. Time will tell, but I may come out smelling very good on this one since I am on record for heavy profit taking at the high levels plus have buy levels published. This has been a good trading stock for me as well as a very profitable investment.

Funny how these stocks go from "Overbought" to "Oversold" and back and so many think we really have an efficient market. Justa makes a good living it seems proving just how wrong this is! 8)

Perhaps if there were no such thing as "leaks" and people acting on rumors, then the market would really be more efficient?

The good part of all the day trading IMHO is all these "leaks" cause more letters to Arthur Levit that demand that conferences to "selective analysts" be outlawed. I may write a few letters myself....

Have ya all entered our contest to win the daily $500 prize?
We are getting about 400-500 entries a day so your odds are pretty good. Here is the link:
suite101.com

Thanks for allowing me to plug our site now and then. IF you win the contest, I also win an equal share so I want ALL of you to win- one a day would be nice! 8)
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